Average selling price of 3839 per tonne
The Global Dairy trade auction results are in. The current auction has seen the price is decline -2.9% to an average price of $3839.
The decline is the seventh in a row.
The NZDUSD traded to its lowest level since November 2020 earlier today, but has seen a rebound back toward the swing low level from last week at 0.69165. There is a swing area between 0.69139 to 0.69191. Get above (and stay above – see red numbered circles)
should see more upside probing.